Top 3 Coins to Watch this Week: BTC, LUNA, and MANA

The digital currency ecosystem has been experiencing a bullish plunge for the better part of the year, with the global crypto market capitalization plunging well below the $2 trillion benchmarks. While the ongoing price correction is more pronounced with Bitcoin (BTC), Ethereum (ETH), and the altcoins in the top 10 of crypto rankings, the entire market ecosystem has felt the brunt of the dip. With the market still looking weak, here are the top three coins to pay attention to this week. Bitcoin (BTC) Amidst this ongoing price plunge, Bitcoin…

Here Is Why Crypto Is Still The Best Asset Class, Top Altcoins to Buy Before 2022

Despite recent crypto market turbulence, 2021 was a success year for the crypto industry, with Bitcoin and Ether reaching new all-time highs, growing adoption, and the birth of new industries such as GameFi, NFTs, and metaverse.  Even though we at ChangeNOW.io aren’t seeing the explosive growth predicted by some analysts by the end of this year and some are upset with BTC retracing more than 30% from its all-time high of $69,044.77 hit in November, things are not all that bad.  BTC price is currently up about 50% from around…

53% of the Top 100 Cryptocurrencies are Trading Below Their 200-Day Moving Average

Due to massive liquidations, the crypto market experienced a rocky weekend nearly two weeks ago. For instance, Bitcoin (BTC) nosedived to lows of $42,000 on December 4, becoming the second-largest daily shed off this year. As a result, 53% of the top 100 cryptocurrencies have not fully recovered from this price slip because they are still trading below their 200-day moving average (MA). The 200-day MA is a key indicator that shows the average of approximately 40 weeks of trading. Therefore, it is used to illustrate the market trend. Jason…

Crypto Market Overview: BTC, ETH, Top Metaverse Coins

The “metaverse” term is often attributed to Neal Stephenson’s 1992 novel Snow Crash, which depicted lifelike avatars meeting in realistic three-dimensional buildings and other virtual reality environments. The metaverse, however, is far from a science fiction phenomenon. If you’ve ever played a role-playing or life simulation game, you’ve likely been part of the metaverse.   In essence, the metaverse is a virtual world where you can live multiple lives, choose who you want to be, make friends from around the world, and do whatever you like. Virtually anything you can…

Crypto Market Overview: Reasons Behind BTC Fall, Top Monthly Gainers

Bitcoin’s value has declined by around 14% since its recent peak, and other major cryptos have followed suit, rattling a bullish run. Bitcoin’s price hovered around $57,000 on Thursday, its lowest level since mid-October, after briefly falling below $56,000 a day earlier. So far this month, BTC’s value has dropped by 6%, leaving investors unsure of how deep the fall can go. My vantage point as the PR head of a big crypto exchange allows me to see the market from the inside and what is happening today is very…

Bank of Japan Appoints Top Economist to Head Up CBDC Research Team

The Bank of Japan has appointed its top economist to lead a team tasked with accelerating its research into central bank digital currencies (CBDC). According to a July 31 Reuters report, Kazushige Kamiyama’s appointment may mark a shift away from the bank’s previously cautious nature on digital currencies. Kamiyama had previously led the bank’s efforts to use big data for conducting econometric analysis in real time. According to Reuters, this proved helpful when the Japanese economy was hit by the coronavirus epidemic earlier this year.  Stepping up the pace of…

DeFi Can Continue to Grow as ‘Useless’ Top 30 Coins Wither

Data published by crypto market analytics firm Messari on July 29 indicates that the collective capitalization of the decentralized finance (DeFi) sector is equal to only 1.5% of the entire crypto capitalization. According to Messari, the collective capitalization of every DeFi project put together is roughly $4.12 billion — less than that of the fifth-ranked crypto asset by market cap, Bitcoin Cash (BCH). Watkins also noted that “literal meme coin” Dogecoin (DOGE) boasts a larger capitalization than every DeFi project with the exception of MakerDAO (MKR). Despite the recent DeFi…